The Delta Force Indicator for MT4 is a custom technical Indicator that is designed to pick the turning points in the price.
As you can see in the later parts of this post, the Delta Force Indicator coincides with the highs and lows formed on the price chart.
When to go long using the Delta Force Indicator?
Look for price to be forming a bottom. At the same time, wait for the Delta Force Indicator to start making new highs in relation to the previous bars, then go long at the new candlestick.
When to exit long positions
Exit the long position based on a one is to two risk reward set up or when you see the Delta Force Indicator starting to make lower bars.
When to go short using the Delta Force Indicator?
Look for price to be forming a top.
At the same time, wait for the Delta Force Indicator to start making new highs in relation to the previous bars, then go short at the new candlestick.
When to exit short positions?
Exit the short position based on a one is to two risk reward set up or when you see the Delta Force Indicator starting to make lower bars.
Where to set the stop loss
After going long or short, look at the previous candlesticks. Identify the swing high or swing low and set your stop loss to these levels.
Conclusion
The Delta Force Indicator is a rather unique technical Indicator.
It can pick the turning points in the price with relative ease.
We recommend using the Delta Force Indicator along with a trend Indicator to be able to trade better with it.
